If you are looking to place a bet on a horse race, you should first know what to look for. You can either place your bet on the winner of the race. It is important to know that if you lose the bet, you will not get your money back. Another thing to consider is the legality of betting in Singapore.
Place betting is easier than win betting
It is easy to place bets on Singapore horse races when you know the odds. The odds are available online and on your mobile phone. You can even follow the race on a live stream. In addition to being able to follow the race, you can also place bets on more than one horse to increase your chances of winning.
Place bets involve betting on a horse to finish first or second. The payout is lower than a win bet, but the potential to win money is greater. In addition, place bets are easier to cash and the Singapore horse racing results can be easily viewed. The place pool is divided between the bettors who have staked on the first and second horses.
Head-to-head bets are non-refundable
Head-to-head bets in horse racing are a type of wager where you choose two horses to race, and bet on which of them will finish first. These bets are available for most races, but not all. You can also bet on winning margin, which is the amount of distance between the winning horse and the second place horse. The margin can range anywhere from one-half length to a full length.
You'll need to check your bets carefully because in some cases, a race may be cancelled or re-run. Unless you're betting on an undetermined race, the winner will be declared after the race is stopped. Head-to-head bets in a race that's been stopped or postponed is non-refundable, and any bets on the runners will stand. In addition, a horse that came under the starter's orders will be considered a non-runner. Your return on such a race is subject to Rule 4 deductions.
The legality of betting in Singapore
A recent investigation by the Singapore Police Force (SPF) uncovered widespread illegal betting activities. More than 80 people are currently under investigation and face serious penalties. The police are also targeting a number of businesses involved in illegal gambling. They have also confiscated thousands of dollars in cash and cell phones.
The police have a zero-tolerance policy towards illegal betting and have carried out more than 1,000 enforcement operations against it in the last five years. In 2018, there were at least 60 arrests and 158 cases were investigated. If you are caught betting on horse races, you may be fined between $20,000 and $200,000 or face up to five years in jail.
Common wager types offered by tracks
Horse racing fans can place several types of wagers at racetracks. The most popular is a straight bet, which means betting on one horse to win, place, or show. Other options include exotic bets, which let you bet on multiple horses with a varying degree of risk and reward.
An exotic wager, also known as a'superfecta,' requires a minimum wager of 50 cents. If the horse you pick finishes first, second, or third, you will win $2. You can also make a superfecta bet, which requires selecting two or more horses to finish first, second, or third. Some tracks also offer a jackpot Pick 5 wager.